Carvana | Auto Loan

Carvana Auto Loan
4.3
Carvana offers online auto loans for used cars in its inventory, with competitive rates even for borrowers with poor credit.

Loan Details

  • Loan Amount Starting at $1,000
  • APR From 3.99%-27.99%
  • Min Credit Score No Minimum

Rates by Type

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The rate information for this financing option is currently unavailable. APRs, loan amounts, and loan terms may differ depending on the lender’s underwriting standards, the applicant’s credit profile, income, debt-to-income ratio, and vehicle details. The figures shown on this page are intended for reference only and should not be considered a final offer. Please contact the lender directly or return later for the most accurate and up-to-date information.

Pros & Cons

Pros
  • 7-day return with money-back guarantee.
  • No minimum credit score required.
  • Shop, finance, and get delivery in one place.
Cons
  • Financing is limited to vehicles on Carvana.
  • A down payment is required for every purchase.
  • Shipping and delivery fees may apply.

Eligibility

To shop through Carvana, you must live in the contiguous U.S.; the service is not available in Alaska or Hawaii. Carvana lists the following qualification requirements:

  • Be at least 18 years old.
  • Have at least six months of credit history.
  • Have no active bankruptcies.
  • Earn a minimum of $5,100 per year.

Application

Borrowers can get prequalified for a loan directly on Carvana's website. The process should take only about two minutes, and since it involves a soft credit pull, your credit score will not be affected. Here is how to begin:

1. Get prequalified

You will need to provide your name and contact information, residential address, date of birth, employment details, and annual income.

2. View loan offers

If you are matched, you will then be able to review the actual loan terms and monthly payments for vehicles listed for sale on the platform.

3. Finalize the loan

Submit an order for the vehicle you want to buy and finish the underwriting process to complete the purchase.

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Total Loan Amount
$
Loan Terms
months Number range from 1-480
Interest Rate
% Number range from 0-99
Start Date
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